The effect of the discount rate in determining the degree of profitability of return on investment cost - an applied study in the General Company for Textile Industries

Abstract

The manufacturing sector represents a prominent position in the industrial development strategy within the comprehensive economic development process framework. The textile industry branch is considered one of the branches of the manufacturing industry that plays a major role in creating net added values and thus working to raise the level of national income, provide job opportunities, and absorb the prevailing unemployment, as it is one of the industries that depend on labour-intensive production techniques and provides the scarce element of capital, especially machinery and equipment. In addition to saving hard currencies by adopting an import substitution strategy in the textile sector, this reduces the account deficit gap in the balance of payments.